229 - An Approach to the COVID-19 Economic Crisis with Jay Abraham and Linda Kreitzman - A Nick Sonnenberg Leverage Podcast Interview

I was recently interviewed by Nick Sonnenberg, the co-founder of Leverage and the founder and CEO of Efficient Frontier Solutions, Inc. Nick is a serial entrepreneur with a passion for creating companies that disrupt the way people live. In this talk, Nick asks me unique and thought-provoking questions that deviate from the norm and explore the deeper nuances of success.In this episode, I’ll reveal the strategy I used to build up my impressive vocabulary and why I was driven to do so. You’ll learn why it’s not just about saving time, but how you choose to reinvest the time you free up.Nick and I dive headfirst into the game-changing methodologies of thinking differently, moving beyond exponential, and fostering a strategy-based mindset. Listen in as I share my thoughts on the three categories of influencers - and learn how mentorship and cultivating an integrative understanding revolutionized my journey of entrepreneurship. 0:00 – 09:00 How Jay built his vocabulary and what happens when you deeply understand what’s possible. 09:00 - 14:00 - On reinvesting saved time, managing your time and resources like a hedge fund manager, understanding risks, and the “sharp ratio”.14:00 - 25:30 - On capital equivalence, thinking in new ways, moving beyond exponential, writing off sunk marketing costs, and understanding effective strategies vs. tactics. 25:30 - 34:00 - Reexamining and optimizing constantly, working on the front lines of capitalism, defining elegant solutions, and discussing game-changing things. 34:00 - On the concept of “leverage”, maximizing downtime, making success a natural way of thinking, and Jay’s many mentors. 41:00 - 50:00 - The three categories of influencers, the issues of learning entrepreneurship, and the benefit of integrative understanding. 50:00 - 57:00 - Some suggestions for Nick, Jay’s events, and understanding how to manage being an ADD or ADHD entrepreneur.